Haynes International Inc. (HAYN) is one of the best performing stocks in the industrial goods sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of HAYN have climbed 3.71% about 30 minutes into the session to $37.98 after closing the day prior at $36.62. It’s early, but the stock has traded as high as $38.0 and as low as $36.89 so far. Today’s quick advance has come with about 4,031 shares changing hands, compared to an average 30-day volume of 98,893 for Haynes International Inc.. The price is currently below the 30-day volume weighted average price of $37.54 for HAYN.
The share appreciation gives the company a market capitalization of $457.43 million based upon 12.49 million shares outstanding. It also means that HAYN has a price-to-book ratio of 1.36:1 and a price-to-earnings ratio of 59.1:1.
In the past 52 weeks, shares of HAYN have traded as low as $25.53 and as high as $43.0745. Technical traders will take note that at $37.98, shares of HAYN are trading above their 200-day MA at $33.97 and above their 50-day MA at $37.65. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is HAYN?
Haynes International Inc is a producer of nickel- and cobalt-based alloys in sheet, coil and plate forms. It is engaged in the developing, manufacturing, marketing and distributing of alloys. The company’s 1741 employees are led by CEO Mark M. Comerford from the corporate headquarters at 1020 West Park Avenue.
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